Virtu Financial LLC Makes New $879,000 Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Virtu Financial LLC acquired a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) in the 3rd quarter, HoldingsChannel reports. The firm acquired 43,794 shares of the real estate investment trust’s stock, valued at approximately $879,000.

A number of other institutional investors also recently modified their holdings of NLY. Citigroup Inc. increased its holdings in Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock valued at $13,091,000 after purchasing an additional 120,163 shares in the last quarter. Invst LLC bought a new stake in shares of Annaly Capital Management during the third quarter worth $741,000. Victory Capital Management Inc. increased its stake in shares of Annaly Capital Management by 7.4% in the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock valued at $40,200,000 after buying an additional 138,320 shares in the last quarter. State Street Corp raised its holdings in shares of Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock valued at $360,296,000 after buying an additional 223,294 shares during the last quarter. Finally, Clarity Financial LLC bought a new stake in Annaly Capital Management during the 3rd quarter worth about $6,687,000. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NLY. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Annaly Capital Management Stock Up 0.1 %

NYSE:NLY opened at $19.79 on Friday. The stock’s fifty day simple moving average is $19.65 and its 200-day simple moving average is $19.84. The firm has a market capitalization of $11.09 billion, a P/E ratio of -282.64 and a beta of 1.51. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter in the previous year, the firm posted $0.66 earnings per share. As a group, equities research analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.14%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s payout ratio is presently -3,714.29%.

Annaly Capital Management Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.